Tributary Capital Management LLC Buys Shares of 2,900 SharkNinja, Inc. (NYSE:SN)

Tributary Capital Management LLC bought a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,900 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors have also recently modified their holdings of SN. Sigma Planning Corp purchased a new position in SharkNinja in the 1st quarter valued at about $1,126,000. Emerald Advisers LLC purchased a new stake in shares of SharkNinja during the first quarter worth $235,000. Xponance Inc. raised its position in shares of SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after buying an additional 220 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of SharkNinja in the first quarter worth about $333,000. Finally, Envestnet Asset Management Inc. boosted its position in SharkNinja by 2.1% during the first quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock worth $1,580,000 after acquiring an additional 396 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.2%

Shares of NYSE:SN traded down $0.19 during midday trading on Monday, reaching $114.87. The company's stock had a trading volume of 1,002,558 shares, compared to its average volume of 1,548,899. The business has a 50 day moving average price of $97.70 and a 200 day moving average price of $95.26. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.66. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 EPS. Research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Guggenheim decreased their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Oppenheimer increased their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.